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China No Longer Appears Cheap When Banks Are Excluded

By Become a Better Investor | Jul 25, 2017

The Chinese banks have a quite big impact on the overall market metrics, China ex Banks PE on 2017 earnings is at 25x versus 18x when banks are included. China no longer appears cheap when we exclude banks.

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Top 10 Chinese Cities by GDP and Market Cap as a Percentage of GDP

By Andrew Stotz | Jul 24, 2017

Chart of the Day: Beijing has the second highest GDP and the highest market cap to GDP. Shenzhen and Shanghai are in the top 5 in terms of GDP and second and third respectively in terms of market cap to GDP.

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Being a Successful Investor Requires a Specific Set of Characteristics

By Become a Better Investor | Jul 21, 2017
Top 5 of the Week July 17 - Become a #betterinvestor

In our Top 5 this week we explore bond duration exposure, Peter Bernstein’s investing wisdom, and universe selection for adaptive asset allocation testing. All this and more…

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Listed Companies and Their Total Value in the Top 10 Chinese Cities

By Andrew Stotz | Jul 21, 2017
Number of listed companies and their total value in the top 10 #Chinese cities

Chart of the Day: Beijing, Shanghai, and Shenzhen have most listed companies and account for 51% of China’s total market capitalization. The remaining of the top 10 account for between 1-3% individually and 13% together.

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Shenzhen Is Manufacturing Powerhouse and ‘Silicon Valley’ of China

By Andrew Stotz | Jul 20, 2017
Top Sectors – Shenzhen is manufacturing powerhouse and #SiliconValley of #China

Chart of the Day: Manufacturing accounts for 53% of Shanghai Stock Exchange, next is trading. Shenzhen is even higher 69%, but has grown Info Tech companies to be 8.4% of the market. Becoming ‘Silicon Valley’ of China, if not the world.

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Of the Two Exchanges in China, SZSE Has 50% More Companies

By Andrew Stotz | Jul 19, 2017
Of the two exchanges in #China, Shanghai (SSE) and Shenzhen (SZSE), SZSE has 50% more companies

Chart of the Day: Shenzhen Stock Exchange has about 2,000 listed companies, considerably higher than Shanghai. Shanghai has grown slightly faster over the last three years.

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Shenzhen Stock Exchange Has 61% of Listings but 39% of Market Cap

By Andrew Stotz | Jul 19, 2017
Shenzhen Stock Exchange has 61% of listings in #China but 39% of market cap

Chart of the Day: In terms of number of listings Shenzhen accounts for 61% and Shanghai 39%. In terms of market capitalization it’s the opposite Shanghai 61% and Shenzhen 39%.

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Zero to 3,000 Listed Companies in China in 24 Years

By Andrew Stotz | Jul 18, 2017
Zero to 3,000 Listed Companies in #China in 24 Years

Chart of the Day: From its humble beginnings in 1993 the Chinese market now has more than 3,000 listed companies. Meanwhile, the rest of the world has seen a fall in the number of listed companies.

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Emerging Markets Still Look Relatively Cheap

By Become a Better Investor | Jul 17, 2017

Global Equity FVMR Snapshot: Emerging markets still look relatively cheap on PE and PB. Global markets have an ROE of 12.8%, driven by the US. Excluding US, the ROE is only at 10.6%.

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Out-Of-Sample Testing: Not the Be All and End All

By Become a Better Investor | Jul 14, 2017
Top 5 of the Week of July 10 - Become a #betterinvestor

In our Top 5 this week, we look at the basics of asset allocation, discover why financial knowledge is useless, and examine out-of-sample testing. All this and more…

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